Which of the following is true of a transfer of leased property by landlords?
A) A landlord cannot sell the rights to receive rent.
B) A new owner-landlord can alter the terms of an existing lease during the term of the lease.
C) If the complete title is transferred, the property is subject to the existing lease.
D) If a valid lease contract expires, a landlord can sell his ownership interest in a property.
C
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Use this information to answer the following question. The following totals for the month of November were taken from the payroll register of Levine Company: Salaries expense $12,000 Social security and Medicare taxes withheld 550 Income taxes withheld 2,500 Medical insurance deductions 250 Life insurance deductions 200 Salaries subject to federal and state unemployment taxes of 6.2 percent 4,000
The journal entry to record the monthly payroll on November 30 would include a a. debit to Salaries Expense for $12,000. b. debit to Salaries Payable for $12,000. c. credit to Salaries Payable for $12,000. d. debit to Salaries Expense for $8,500.
Relating resource consumption and cost to alternative product and process designs can be achieved through
a. kaizen costing. b. reverse engineering. c. computer simulation. d. all of the above.